EasyJet helped by Thomas Cook’s demise

EasyJet says one of the factors helping its strong revenue growth was the demise of travel firm Thomas Cook last year, which removed one of its competitors.

The airline said revenue per seat climbed by 8.8% in its first quarter, beating expectations.

The company launched EasyJet Holidays in November last year, and it said this part of its business is expected to at least break-even for the financial year to 30 September 2020.

EasyJet said it expected to report a pre-tax loss for the first half of its financial year that is smaller than last year, when it reported a £275m loss.

Source – BBC